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Mccormick (MKC) Tax Rate (2016 - 2026)

Mccormick's Tax Rate history spans 18 years, with the latest figure at 26.32% for Q1 2026.

  • For Q1 2026, Tax Rate rose 402.0% year-over-year to 26.32%; the TTM value through Feb 2026 reached 22.26%, up 250.0%, while the annual FY2025 figure was 21.45%, 96.0% up from the prior year.
  • Tax Rate reached 26.32% in Q1 2026 per MKC's latest filing, up from 23.94% in the prior quarter.
  • In the past five years, Tax Rate ranged from a high of 26.32% in Q1 2026 to a low of 13.53% in Q2 2024.
  • Average Tax Rate over 5 years is 21.27%, with a median of 22.13% recorded in 2023.
  • Peak YoY movement for Tax Rate: plummeted -918bps in 2022, then skyrocketed 1056bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 23.3% in 2022, then dropped by -5bps to 22.16% in 2023, then increased by 15bps to 25.44% in 2024, then fell by -6bps to 23.94% in 2025, then increased by 10bps to 26.32% in 2026.
  • Per Business Quant, the three most recent readings for MKC's Tax Rate are 26.32% (Q1 2026), 23.94% (Q4 2025), and 15.85% (Q3 2025).